Sprott Physical Gold Etf Market Value
| PHYS Etf | USD 23.08 0.08 0.35% |
| Symbol | Sprott |
The market value of Sprott Physical Gold is measured differently than its book value, which is the value of Sprott that is recorded on the company's balance sheet. Investors also form their own opinion of Sprott Physical's value that differs from its market value or its book value, called intrinsic value, which is Sprott Physical's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sprott Physical's market value can be influenced by many factors that don't directly affect Sprott Physical's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sprott Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sprott Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sprott Physical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sprott Physical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sprott Physical's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sprott Physical.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Sprott Physical on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sprott Physical Gold or generate 0.0% return on investment in Sprott Physical over 90 days. Sprott Physical is related to or competes with Sprott Physical, Sprott Physical, Sprott, Brookfield Real, Sprott Physical, BlackRock ESG, and BlackRock Energy. Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP More
Sprott Physical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sprott Physical's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sprott Physical Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9664 | |||
| Information Ratio | 0.384 | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.31 |
Sprott Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sprott Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sprott Physical's standard deviation. In reality, there are many statistical measures that can use Sprott Physical historical prices to predict the future Sprott Physical's volatility.| Risk Adjusted Performance | 0.194 | |||
| Total Risk Alpha | 0.3311 | |||
| Sortino Ratio | 0.3404 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sprott Physical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sprott Physical Gold Backtested Returns
Sprott Physical appears to be very steady, given 3 months investment horizon. Sprott Physical Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.25, which indicates the etf had a 0.25 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Sprott Physical Gold, which you can use to evaluate the volatility of the etf. Please review Sprott Physical's Standard Deviation of 0.8568, risk adjusted performance of 0.194, and Downside Deviation of 0.9664 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Sprott Physical are completely uncorrelated.
Auto-correlation | 0.44 |
Average predictability
Sprott Physical Gold has average predictability. Overlapping area represents the amount of predictability between Sprott Physical time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprott Physical Gold price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Sprott Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Sprott Physical Gold lagged returns against current returns
Autocorrelation, which is Sprott Physical etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sprott Physical's etf expected returns. We can calculate the autocorrelation of Sprott Physical returns to help us make a trade decision. For example, suppose you find that Sprott Physical has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sprott Physical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sprott Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sprott Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sprott Physical etf over time.
Current vs Lagged Prices |
| Timeline |
Sprott Physical Lagged Returns
When evaluating Sprott Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sprott Physical etf have on its future price. Sprott Physical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sprott Physical autocorrelation shows the relationship between Sprott Physical etf current value and its past values and can show if there is a momentum factor associated with investing in Sprott Physical Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out Sprott Physical Correlation, Sprott Physical Volatility and Sprott Physical Alpha and Beta module to complement your research on Sprott Physical. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Sprott Physical technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.